Wednesday, 24 April 2013

VIJAYA BANK

Elliott Wave analysis of Vijaya Bank tells us that we are currently in the 4th wave of a serious correction. But we can see a triangle which is building in wave 4. We can take a advantage of that by buying at current level with target price of Rs. 65 to 70/-.

But as always, keep your stops not too far away.We think our stop will be just around  at Rs. 47/-

One should always monitor this stock cause after level of Rs. 70 we can see deep correction in VIJAYA BANK

Happy Trading.

D.K

Hi we now revise our stop loss to 51.50 and play fro target of 56.

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